NIO (NYSE:NIO) Shares Gap Down – What’s Next?

Nio Inc – (NYSE:NIO)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $4.22, but opened at $3.90. NIO shares last traded at $3.99, with a volume of 70,831,958 shares.

Analysts Set New Price Targets

NIO has been the topic of a number of research reports. Hsbc Global Res lowered NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Citigroup lowered their target price on shares of NIO from $8.90 to $8.10 and set a “buy” rating on the stock in a report on Monday, March 24th. HSBC downgraded shares of NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. lowered shares of NIO from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $7.00 to $4.70 in a research report on Tuesday, February 4th. Finally, Mizuho dropped their price target on NIO from $5.00 to $4.20 and set a “neutral” rating on the stock in a report on Monday, March 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $5.00.

NIO Trading Down 5.9 %

The firm’s 50 day moving average is $4.43 and its 200 day moving average is $4.84. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The company has a market cap of $7.82 billion, a PE ratio of -2.48 and a beta of 1.81.

NIO (NYSE:NIO) last released its quarterly earnings results on Friday, March 21st. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.14). NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $20.19 billion. During the same period in the previous year, the business earned ($2.81) EPS. The business’s revenue was up 15.2% on a year-over-year basis. On average, equities analysts anticipate that Nio Inc – will post -1.43 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NIO. Shufro Rose & Co. LLC bought a new position in shares of NIO in the fourth quarter worth approximately $65,000. Vident Advisory LLC grew its holdings in shares of NIO by 60.6% during the fourth quarter. Vident Advisory LLC now owns 53,937 shares of the company’s stock valued at $235,000 after buying an additional 20,349 shares during the last quarter. Vienna Asset Management LLC purchased a new position in NIO in the 4th quarter worth approximately $100,000. Laird Norton Wetherby Trust Company LLC purchased a new stake in NIO during the 4th quarter valued at $93,000. Finally, Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of NIO by 15.1% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 66,534 shares of the company’s stock valued at $290,000 after purchasing an additional 8,746 shares in the last quarter. Institutional investors own 48.55% of the company’s stock.

NIO Company Profile

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.